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Grayscale's Zach Pandl says Strategy's shift to sell Bitcoin as needed for its USD reserves reduces tail risk and could help Bitcoin find a more durable bottom.


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📊 ETF Flows
06 Jul 2026

🟢 #BTC ETFs : $254.7M
🟢 #ETH ETFs : $20.7M
🟢 #SOL ETFs : $8.4M
🟢 #XRP ETFs : $0K
🟢 #HYPE ETFs : $8.4M

Total:
$292.2M net inflows




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CryptoQuant's CEO couldn't resist trolling Michael Saylor after Strategy's recent Bitcoin sale:

"Now sell the Bitcoin and buy your kidney back."


The joke references Saylor's famous advice that investors should "sell a kidney if you have to, but keep holding Bitcoin."


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🧠

BONK DAO lost $20M without a hack.

An attacker spent ~$4M on BONK tokens, then passed a fake governance proposal to transfer 4.4 trillion tokens ($20M) to their wallet.

The proposal went unnoticed for 7 days before the attacker used their voting power to approve it.

The DAO automatically executed the transfer. The attacker sold the tokens, turning $4M into $20M.

This was not a smart contract exploit, but a governance attack using purchased voting power.

BONK DAO has notified law enforcement and is working to recover the funds.




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xAI is rebranding as SpaceXAI, integrating Elon Musk's AI development into SpaceX's space ambitions.

Unveiled with updated X branding, the vision merges AI, space infrastructure, and future computing into a single ecosystem, making AI core to SpaceX rather than a standalone entity.


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🇬🇧 Coinbase secures UK MiFID license, unlocking plans to offer derivatives and equities alongside crypto for UK users.


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BTC : $63,170
ETH : $1,624.95
BNB : $577.76
SOL : $77.97
Market Cap
Total : $2.24T
DeFi : $72.7B
24hr Vol : $83.5B

Sentiment
FGI : Fear (28)
Open Interest : $110.10B
24h Liquidation : $161.6



The market is showing signs of recovery, but sentiment remains cautious as fear still lingers and leverage stays elevated across crypto.


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Tether’s former CIO Richard Heathcote is seeking buyers for part of his 1.26% stake, with PJT Partners handling the sale


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For the first time in 9 months, $SOL has printed a green monthly candle.

SOL is up +38% from its $60 low, adding $14 billion in market cap.


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Forwarded from Bitcoin Insights
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📊 ETF Flows
07 Jul 2026

#BTC ETFs : $21.5M
#ETH ETFs : $26.9M
#SOL ETFs : $1.7M
#XRP ETFs : $0K
#HYPE ETFs : $4.3M


Total:
$54.4M net inflows




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Charles Hoskinson says EUTXO is the biggest innovation in smart contracts and argues Ethereum is now trying to copy it.


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Robinhood CEO Vlad Tenev says the Robinhood crypto blockchain is "great for memes."


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India’s central bank is pushing for a crypto policy “leaning towards prohibition."


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Altcoin dominance has fallen to 8%, matching the level at the previous market bottom.

While history doesn't guarantee a repeat, such low readings typically signal weakest sentiment for smaller-cap assets.

If the pattern holds, today's pessimism could lay the foundation for the next altcoin cycle.


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Strategy believes its Bitcoin acquisition model could become self-sustaining.

If BTC appreciates over 3.3% annually long-term, gains could theoretically fund indefinite dividends on STRC preferred shares used to finance more BTC purchases.

As long as Bitcoin outperforms this threshold, the strategy acts as a self-reinforcing flywheel—essentially a perpetual motion machine powered by Bitcoin.


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